Texas § IN.548.106 - NONAPPLICABILITY OF SUBCHAPTER
Full text of Texas The Texas Constitution § IN.548.106 — NONAPPLICABILITY OF SUBCHAPTER, with citation guidance and answers to common questions.
§ IN.548.106. NONAPPLICABILITY OF SUBCHAPTER
NONAPPLICABILITY OF SUBCHAPTER. (a) This subchapter does not apply to an equity security of a domestic stock insurer if: (1) the security is or is required to be registered under Section 12 of the federal Securities Exchange Act; or (2) the insurer does not have any class of its equity securities held of record by 100 or more persons on the last business day of the year preceding the year in which the equity security would otherwise be subject to this subchapter. (b) Sections 548.101-548.104 do not apply to a foreign or domestic arbitrage transaction unless the transaction is made in violation of a rule adopted by the commissioner to accomplish the purposes of this chapter. (c) A provision of this subchapter that imposes liability does not apply to an act or omission made in good faith in conformity with a rule adopted by the commissioner. This subsection applies regardless of whether the rule is subsequently amended, rescinded, or determined by judicial or other authority to be invalid for any reason. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005. SUBCHAPTER C. ENFORCEMENT
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.548.106
What does The Texas Constitution § IN.548.106 cover?
Section IN.548.106 ("NONAPPLICABILITY OF SUBCHAPTER") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.548.106?
A common citation format is "The Texas Constitution § IN.548.106" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.548.106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.